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The over Rs 11,000 crore followon public offer (FPO) of the Oil and Natural Gas Corporation (ONGC) is likely to hit markets between June and July this year, a top central government official said here today.
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The initial public offering of Muthoot Finance, the nonbanking finance company engaged in gold loan business, opened for subscription. Aditya Birla Money has recommended subscribing the issue with a medium to longterm perspective, in its research report.
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HDFC Standard Life is planning to push its initial public offering to next year as current valuations are not attractive. This comes even as the insurance regulator is expected to announce IPO guidelines by the monthend.
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The Offer
The present IPO is a fresh Issue of 5.15 cr Equity Shares of `10 each by the company which constitutes 13.85% of the companys postissue paidup capital. The offer is being made in the price band of `160 `175 a piece. Thus, the issue size amounts to ` 824 cr to ` 901 cr. read more »
The present IPO is a fresh Issue of 5.15 cr Equity Shares of `10 each by the company which constitutes 13.85% of the companys postissue paidup capital. The offer is being made in the price band of `160 `175 a piece. Thus, the issue size amounts to ` 824 cr to ` 901 cr. read more »
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Shilpi Cable Technologies saw bulk selling on listing day, which resulted 30% fall in the stock to close at Rs 48.35 as against issue price of Rs 69 a share especially after 20% spike up in initial trade on the National Stock Exchange
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Punebased manufacturer of drugs, Emcure Pharmaceuticals, is planning to raise money through an initial public offering, according to market sources. The size of the IPO, expected to come in the second half of the year, is around Rs 650700 crore.
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in an interview on CNBCTV18, PTC India's chairman and managing director Tantra Narayan Thakur said that the listing has not been great but it should improve. "The cost of borrowings would come down since it has been awarded a infrastructure finance company status and is authorized to raise external commercial borrowings."
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Lovable Lingerie, one of Indias leading womens innerwear manufacturers, will be listing its equity shares on the exchanges on March 24. The issue price has fixed at higher end of price band of Rs 195205 a share.
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